Nextracker (NXT) Stock Forecast & Price Target

$36.77

-0.07 (-0.19%)

(As of 03:03 PM ET)

Nextracker - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 23 Analyst Ratings

Based on 23 Wall Street analysts who have issued ratings for Nextracker in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 5 have given a hold rating, and 18 have given a buy rating for NXT.

Consensus Price Target

$57.91
57.50% Upside

High Forecast	$71.00
Average Forecast	$57.91
Low Forecast	$43.00

According to the 23 analysts' twelve-month price targets for Nextracker, the average price target is $57.91. The highest price target for NXT is $71.00, while the lowest price target for NXT is $43.00. The average price target represents a forecasted upside of 57.50% from the current price of $36.77.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	18 Buy rating(s)	19 Buy rating(s)	14 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$57.91	$58.45	$58.52	$44.35
Forecasted Upside	57.50% Upside	30.15% Upside	25.52% Upside	19.64% Upside

Why You Should NOT Trade This Market (Ad)

You'll be interested in our 5-Day Options Trading Challenge, starting September 23. So, what makes this different from every other options research you may have seen? Well, for starters... most of them want you to first BUY their service... which is usually thousands of dollars...

Just click here to get the full details on the 5-Day Options Trading Challenge, before this offer go

NXT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NXT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nextracker Stock vs. The Competition

Type	Nextracker	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.78	2.59	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	57.20% Upside	207.41% Upside	7.94% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/4/2024	Jefferies Financial Group 2 of 5 stars		Initiated Coverage	Hold	$46.00	+23.56%
8/16/2024	Guggenheim 3 of 5 stars		Lower Target	Buy ➝ Buy	$60.00 ➝ $55.00	+41.94%
8/2/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$65.00 ➝ $62.00	+47.69%
8/2/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$70.00 ➝ $65.00	+58.77%
8/2/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$55.00 ➝ $55.00	+30.05%
7/29/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$70.00 ➝ $65.00	+37.48%
Biden's Successor: The Radical Threat to YOUR Savings! (Ad) Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL. >> Get Your FREE Wealth Protection Guide <<
7/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$64.00 ➝ $66.00	+39.65%
7/16/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$63.00 ➝ $61.00	+25.33%
6/28/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Perincheril Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Positive	$59.00	+20.09%
5/15/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$68.00 ➝ $64.00	+48.80%
5/15/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$62.00 ➝ $56.00	+30.20%
5/15/2024	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$60.00	+39.50%
4/29/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$55.00 ➝ $50.00	+12.61%
4/26/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$60.00 ➝ $44.00	+1.50%
4/19/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$64.00 ➝ $59.00	+32.70%
4/11/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$66.00 ➝ $64.00	+28.98%
4/1/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$63.00	+11.96%
3/21/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$71.00	+23.31%
2/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$62.00 ➝ $70.00	+54.63%
1/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$45.00 ➝ $52.00	+14.49%
10/16/2023	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$43.00	+22.47%
10/2/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$50.00	+24.50%
9/22/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$52.00	+26.52%
7/27/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$43.00 ➝ $50.00	+12.76%
7/14/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$46.00	+17.89%
5/16/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$45.00	+11.61%
4/11/2023	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$39.00	+14.71%
3/6/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Shen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$45.00	+34.93%
3/6/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$36.00	+7.95%
3/6/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight ➝ Sector Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:20 PM ET.

NXT Forecast - Frequently Asked Questions

What is Nextracker's forecast for 2024?: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Nextracker is $57.91, with a high forecast of $71.00 and a low forecast of $43.00.
Should I buy or sell Nextracker stock right now?: 23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nextracker in the last twelve months. There are currently 5 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NXT shares.
Does Nextracker's stock price have much upside?: According to analysts, Nextracker's stock has a predicted upside of 29.91% based on their 12-month stock forecasts.
What analysts cover Nextracker?: Nextracker has been rated by research analysts at Bank of America, Barclays, Cantor Fitzgerald, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., Roth Mkm, Susquehanna, and Truist Financial in the past 90 days.
Do Wall Street analysts like Nextracker more than its competitors?: Analysts like Nextracker more than other "oils/energy" companies. The consensus rating score for Nextracker is 2.78 while the average consensus rating score for "oils/energy" companies is 2.58. Learn more on how NXT compares to other companies.